Summary sheet
The project concerns the optimisation of the promoter's aromatics production towards higher-value products. Investments will take place in two of the promoter's refineries in Andalucía, Gibraltar-San Roque and La Rábida.
The project will allow the promoter to produce higher-value-added aromatic products, thus improving its margins. The expected improvement in profitability is vital to sustain the promoter's competitiveness and preserve employment in Andalucía, a region with the second highest unemployment rate in the EU.
This type of project falls under Annex II of the Environmental Impact Assessment (EIA) Directive; the screening and respective EIA decisions and reports will be assessed during appraisal. The environmental dimension of the project will be scrutinised during appraisal. This will include a check of conformity with applicable EU directives (Industrial Emissions Directive (IED) (2010/75/EU), Ambient Air Directives and Seveso III Directive (2012/18/EC)) and of the environmental and occupational health and safety (OHS) plans.
The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement.
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